Applied Optoelectronics Reports Fourth Quarter and Full Year 2023 Results
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Applied Optoelectronics (AAOI) Defended at Rosenblatt: 'Buy On Weakness'
February 23, 2024 6:54 AM ESTRosenblatt analyst Mike Genovese lowered the price target on Applied Optoelectronics (NASDAQ: AAOI) to $20.00 (from $23.00) while maintaining a Buy rating.
The analyst comments "4Q24 was slightly disappointing on revenues due to a 100G price cut, but strong on GMs (up ~400bps q/q to 36.4%) and earnings. The bigger near-term disappointment was... More
